What you see in the street is Shanghai General Motors. GM is profitable in China, but not so lucky at its headquarters in the United States. Ge is now in a bankruptcy crisis: the union demands a pension return and the board of directors demands a financial return. Under the attack of both sides, GM has repeatedly missed the opportunity of development. Now the financial crisis has given it a head-on blow, and GM's huge body can no longer bear it. In the fourth quarter of 2008, GM was forced to seek help from the US government together with Ford and Chrysler. General Motors received a $9.4 billion loan from the government. As a condition, the government requires GM to conduct self-correction and self-inspection before March 3, 20091,and come up with a rectification plan. However, GM not only failed to pass the rectification plan, but continued to ask the government for money. The general idea is that if I fall, I fall. There are 240,000 auto workers in Detroit, and there are nearly 1 10,000 spare parts workers around. When a series of enterprises close down and a series of people lose their jobs, will the government be afraid to help me? But this time it was wrong. Obama not only rejected GM's revitalization plan, but also ordered GM Chairman and CEO Wagner to leave class. Wagner was in charge of GM for eight years, during which GM accumulated losses of $82 billion; In 2007 and 2008, Toyota won the first place in global production and sales. According to Wagner's report card, it is not too much to let him finish class. After Wagner was forced to leave his post, the U.S. government gave GM funds to maintain its 60-day operation, which means that GM can make a final effort before June 1. But can CEO Henderson lead GM out of trouble? In fact, it is difficult to be universal and difficult to go to the sky. If GM wants to survive, it must solve two difficult problems, one is debt and the other is pension. Among GM's total debts of $63 billion, the most fatal ones are $654,380 billion in general bonds due in June and $20.4 billion in pensions owed to trade unions. Not to mention how to repay GM's upcoming debt of $654.38 billion, the pension issue alone is enough to worry people. General Motors has 260,000 employees, but there are 500,000 retired employees who have to pay $7 billion in pensions every year. At present, GM's pension arrears have reached $20.4 billion. General Motors originally planned to set up a pension fund run by trade unions, with an injection of $20.4 billion. However, the trade union has always insisted on its own interests and hopes that GM will pay cash. So the negotiations have been deadlocked.

Satisfied, please adopt.